Marijuana Weekly Review: CBD Oil Shows Positive Results In Cancer Study


According to a new study, when treated with a combination of cannabidiol (CBD oil) and chemotherapy, mice with pancreatic cancer survived nearly three times longer than those treated with chemotherapy alone.

Lead researcher, Marco Falasca from Queen Mary University of London, says, “Cannabidiol is already approved for use in clinics [in the UK], which means we can quickly go on to test this in human clinical trials.”

Forbes contributor David DiSalvo, claims, “Pancreatic cancer is among the deadliest forms of cancer in the world in terms of overall survival rates. According to the American Cancer Society, for all stages of pancreatic cancer combined, the one-year relative survival rate is 20 percent, and the five-year rate is just under seven percent. It’s the 12th most common cancer globally, with the highest incidence occurring in developed countries.”

 

[Read More: Marijuana Stock Special Report: Marijuana News Weekly Investor Roundup (August 4)]

Sessions Continues To Crackdown on Cannabis

In a press conference in Boston last week, when asked about his current stance on legal marijuana, U.S. Attorney General Jeff Sessions reiterated his position that the Department of Justice would continue to follow and enforce the federal ban on cannabis. However, Sessions stopped short of saying that the Department of Justice had any particular enforcement actions in the works.

“States have a right to set their own laws and will do so, and we will follow the federal law,” Sessions said, adding that “the American republic will not be better if there are marijuana sales on every street corner.”

 

Manhattan To End Prosecution of Pot Smokers

According to a new policy outlined by the Manhattan’s District Attorney’s office, Manhattan will no longer be prosecuting marijuana smokers. A “decline to prosecute” policy has been circulated to the New York Police Department (NYPD) and all Manhattan assistant district attorneys.

DA Cyrus Vance Jr. said that his office had benchmarked other regions that have enacted decline-to-prosecute policies, and also commissioned a report on how cannabis legalization affects cities similar to Manhattan’s research and found no compelling public safety reason for continuing to arrest people who smoke marijuana.

According to Vance, the “needless criminalization of pot smoking” is hampering his core mission to keep Manhattan’s justice system safe, equal and fair.

 

State-by-State

Pennsylvania residents can now purchase dried cannabis flower for medicinal use, available at 16 dispensaries so far, with 12 more welcoming whole plant sales this week. Pot shops have already reported early morning lines. Smoking pot, however, is still prohibited as state regulations require all patients to vape their medicine. Any medical marijuana patient caught smoking might face charges associated with drug paraphernalia and potentially have their licenses revoked.

[Read More: Remembering The Casualties of Illegal Cannabis]

“The dry leaf form of medical marijuana provides a cost-effective option for patients, in addition to the other forms of medication already available at dispensaries,” Secretary of Health Dr. Rachel Levine said, before adding, “It’s vital for patients to remember that the dry leaf form of medical marijuana is available for vaporization only. It is illegal to smoke the medication.”

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California regulators at the Department of Alcoholic Beverage Control (ABC) issued “guidance” that forbids the combination of liquor and hemp-derived CBD or any combination with non-CBD cannabis. Following on a similar path by the California Department of Health, the ABC said “since cannabis cannot be sold in the same premises as alcoholic beverages, any product that contains both cannabis and beverage alcohol cannot be sold at premises licensed with either an ABC license or a MAUCRSA license.”

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Also in California, fires in the northern part of the state destroyed 12 greenhouses operated by Loudpack, one of the state’s most renowned suppliers of high-quality cannabis. More than 300 workers will be furloughed in the Monterey-area town of Greenville. Also impacted by the states’ rampant wildfires was grower DNA Genetics, which lost five of eight greenhouses.

Another “Evolving” Politician Joins The Cannabis Industry

Former Democratic Governor Jim Florio joined the advisory board of Nuka Enterprises of Colorado. Nuka’s product line includes artisanal chocolate formulations such as GO for energy, HIGH LOVE for arousal, MIDNIGHT for sleep, PAUSE for relaxation, and BLISS for euphoria, according to a company statement.

According to a statement obtained by NJ Advance Media, Florio’s law firm, Florio Perrucci Steinhardt & Capelli, will be supporting Nuka’s expansion into New Jersey. Nuka Enterprises CEO Peter Barsoom spoke about the deal, stating, “The deal adds significant political and intellectual capital to Nuka’s advisory board as the company brings its expertise, history of innovation, and market leadership to New Jersey.”

Quick Hits

New York-based Acreage Holdings, the firm with former House Speaker John Boehner on their board, has raised $119 million in a private placement… Dixie Brands has plans to become a Canadian public company through the acquisition of Toronto-based Academy Explorations… San Diego-based CV Sciences (makers of the Plus-CBD line) wants to expand its access to more investors by upgrading its presence on NASDAQ, moving beyond its current “pink sheets” status… Denver’s SweetLeaf has been given a reprieve in an order from the City of Denver to destroy more than $7.5 million in retail product as it appeals its adverse decision to suspend all its Denver licenses.



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